Common use of Project grant rate Clause in Contracts

Project grant rate. Grants to all projects from the programme may be up to 85% of total eligible expenditure of the project. In the case of SGS projects the project grant rate may be up to 90% of eligible expenditure of the project. The project grant rate shall in all cases be set at a level that complies with the State Aid rules in force and takes into account any and all other forms of public support granted to projects. The remaining costs of the project shall be provided or obtained by the Project Promoter.

Project grant rate. Grants to all projects from the programme may be up to 85% of total eligible expenditure of the project. In the case of Grants under SGS projects the project grant rate no. 4 for bilateral activities may be up to 90100% of total eligible expenditure of the project. The project grant rate shall in all cases be set at a level that complies with the State Aid rules in force and takes into account any and all other forms of public support granted to projects. The Any remaining costs of the project shall be provided or obtained by the Project Promoterproject promoter.